announcement of the tax rate seems to be preferable to solve hold-up problems with respect to the investment in environmental R …

We develop an oligopoly model in which firms facing unionised domestic labor markets choose between producing an … intermediate good in-house and outsourcing it to a nonunionised foreign supplier that makes a relationship-specific investment in …

This paper studies investment incentives in the steady state of a dynamic bilateral matching market. Because of search … underinvestment on both sides of the market. But when market frictions become negligible, the equilibrium investment levels tend …

This paper studies investment incentives in the steady state of a dynamic bilateral matching market. Because of search … underinvestment on both sides of the market. But when market frictions become negligible, the equilibrium investment levels tend …